Young Thug’s Deal With Record Label Was Worth 30K
Young ThugDun Deal: I met Thug when he was 16, 17 years old. He's always been super talented; he's been rapping for a long time. I had already started on the track before he got on it. I had a couple of tracks in mind for him, and when he came in I ran through some beats, and he picked the one that I didn't think he would pick. So I wound up finishing up that beat, and it became "Stoner." I finished it up while he was in the studio, and we ended up just knocking out.
I love simple hooks. I think that when he started it up, he already had the melody, and when he figured out what to say with it, he was killin' it.
A article on Buzzfeed is reporting that Young Thug has been signed to Atlantic Records imprint Artist Partners Group since the fall of 2013 in a “full-blown 360 deal” for a total of $30,000. The deal paid Thug an advance of $15,ooo at signing. A source told Buzzfeed that “I’d be surprised if it was more than $50,000 total.”
Through numerous anonymous sources, the report further adds to the mystery of Young Thug's contract situation. Thug was signed to Atlantic through Gucci's 1017 imprint however when Gucci Mane went to jail he signed again to Atlantic through it's Artist Partners Group imprint.
Atlantic was reportedly gearing up to put out an album for Thug in January 2014 titled #HiTunes and was creating a 'Grateful Dead-inspired' cover art" for “Danny Glover” and “Stoner,” plus shooting a video for Thug’s song “2 Cups Stuffed.” A anonymous source named "Jordan," if everything worked out, Thug could have put out up to six releases with APG and Atlantic’s support followed by four full-length albums.